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The economy of Kuwait is a wealthy petroleum-based economy. [15] Kuwait is one of the richest countries in the world. [16] [17] [18] The Kuwaiti dinar is the highest-valued unit of currency in the world. [citation needed] According to the World Bank, Kuwait is the fifth richest country in the world by gross national income per capita. [19]
The Factbook is in the public domain and may be redistributed in part or in whole without need for permission, [6] although the CIA requests that the Factbook be cited if used. [5] Copying the official seal of the CIA without permission is prohibited by the US federal Central Intelligence Agency Act of 1949 ( 50 U.S.C. § 403m ).
Data are in millions of international dollars; they were compiled by the World Bank. The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2019. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007.
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.
Website. www.cbk.gov.kw. The Central Bank of Kuwait (CBK; Arabic: بنك الكويت المركزي) [3] is the central bank of Kuwait. It offers a strict currency system on behalf of the state. The bank regulates Kuwaiti stock market along with the Kuwait Stock Exchange, the Ministry of Commerce and Industry and the Ministry of Finance.
This is a list of banks in Kuwait. All the following local (11 nos.) & foreign (11 nos.) banks are registered with Kuwait Banking Association . [ 1 ] The Central Bank of Kuwait supervises the 32 Exchange Companies that operate within Kuwait.
Based on World Bank data ranging from 1992 to 2020. 1. Above 50%. Between 45% and 50%. Between 40% and 45%. Between 35% and 40%. Between 30% and 35%. Below 30%. No data. This is a list of countries or dependencies by income inequality metrics, including Gini coefficients.
The National Bank of Kuwait (NBK) is a bank in Kuwait established in 1952. [1] It is the largest financial institution in Kuwait.It has branches and subsidiaries in China, Geneva, London, Paris, New York and Singapore and a regional presence across the Middle East in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey, and the United Arab Emirates (UAE).